Cliff Banks - The Banks Report

Vista’s Interesting Play with DealerSocket

The story regarding DealerSocket and Vista Equity Partners’ investment in the CRM firm is a bit clearer today but still raises several questions. TBR first broke the story while at the Digital Dealer conference in Atlantic City on May 6th on Twitter reporting that Vista Equity had acquired a majority interest in DealerSocket. A private…

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Cliff Banks - The Banks Report

Vista Equity Acquires Majority Stake in DealerSocket

The story regarding DealerSocket and Vista Equity Partners’ investment in the CRM firm is a bit clearer today but still raises several questions. TBR first broke the story while at the Digital Dealer conference in Atlantic City on May 6th on Twitter reporting that Vista Equity had acquired a majority interest in DealerSocket. A private…

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Cliff Banks - The Banks Report

DealerTrack Acquires Dealer.com — What the Deal Means

Editor’s note: We updated a couple of sections below — the updates are in italics. We stated that Dealer.com was number one in marketshare for websites. The Cobalt Group has an estimated 9,000 franchise dealer websites in North America, Dealer.com has 7,000.  We have several thoughts regarding DealerTrack’s acquisition of Dealer.com which was announced late…

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Cliff Banks - The Banks Report

Industry Data Practices Leave Dealers Legally Exposed

December 3, 2013 — Several days ago automotive data analytics firm Dataium announced it had settled with the New Jersey Attorney General’s office over an investigation into how it was tracking the web browsing habits of visitors to automotive dealership websites. New Jersey’s Consmer Affairs Division alleged Dataium engaged in “history sniffing,” in which it…

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Cliff Banks - The Banks Report

Big Change in Cars.com’s Future?

October 2, 2013 — The next several months should be interesting for Cars.com. Sister Company for Sale Its owner, Classified Ventures LLC announced on September 3 that it retained investment banking firm Moelis & Co. to explore strategic alternatives — including a sale — for Apartments.com, Cars.com’s sister site. Also included with Apartmens.com are the… Continue Reading

Cliff Banks - The Banks Report

TrueCar Files Trademark Lawsuit Against Sonic Automotive

September 4, 2013 — We’re still working on the details but we do know in August TrueCar filed a lawsuit against the SonicAutomotive Group alleging trademark infringement. Sonic has been implementing a one-price, no haggle program for all of its stores. Earlier this year, Sonic came up with True Price as the name for the… Continue Reading